• Images

    Steel millers demand continuation of 5pc VAT on rod prices

    Staff Correspondent | Updated at 10:25pm on May 10, 2017

    The re-rolling mills owners on Wednesday demanded for lowering the VAT to highest 5 per cent from 15 per cent stipulated in the new VAT law...

  • Images

    Amazon trounces rivals in battle of shopping ‘bots’

    Reuters . San Francisco | Updated at 10:23pm on May 10, 2017

    Earlier this year, engineers at Wal-Mart Stores Inc who track rivals’ prices online got a rude surprise: the technology they were using to check Amazon.com several million times a day suddenly stopped working....

  • Images

    BTRC issues show cause notice on Citycell for fresh dues

    Staff Correspondent | Updated at 10:17pm on May 10, 2017

    The Bangladesh Telecommunication Regulatory Commission has issued a show cause notice to the mobile phone operator Citycell to explain as to why legal action would not be taken against the operator for non-payment of fresh dues...

  • Images

    VAT exemption list may be doubled

    Jasim Uddin | Updated at 10:17pm on May 10, 2017

    The number of VAT exempted products and services is likely to be doubled in the new VAT law from the items currently enjoying exemption to minimise pressure of price hike on consumers and facilitate businesses, officials of the National Board of Revenue said...

  • Images

    BB relaxes farm loan release ratio for 9 new banks amid pressure

    AKM Zamir Uddin | Updated at 10:17pm on May 10, 2017

    Bangladesh Bank has taken a decision to allow nine new commercial banks to disburse 2.50 per cent of their outstanding loans as farm loans from previous limit of five per cent in accordance with their (nine banks) wish....

  • Images

    VAT rate to be brought down to a ‘comfortable’ level : Muhith

    Staff Correspondent | Updated at 10:17pm on May 10, 2017

    Finance minister Abul Maal Abdul Muhith on Wednesday hinted about a potential change in VAT rate stipulated at 15 per cent in the new VAT law to make it more comfortable for traders and consumers...

  • Images

    Bangladesh showcases impressive growth in Istanbul defence fair

    United News of Bangladesh | Updated at 04:06pm on May 10, 2017

    Bangladesh is projecting its impressive growth and advancements in various sectors, including the defence, in the 13th International Defence Industry Fair in...

  • Images

    BIDA finalises draft policy on using unused land of SoEs

    Bangladesh Sangbad Sangstha . Dhaka | Updated at 11:11pm on May 09, 2017

    The Bangladesh Investment Development Authority has finalised the draft policy 2016 relating to the use of unused land or infrastructure of government industries or commercial establishments for investment and industrialisation...

  • Images

    Tk 15cr IPO of Oimex Electrode gets BSEC nod

    Staff Correspondent | Updated at 11:11pm on May 09, 2017

    The Bangladesh Securities and Exchange Commission on Tuesday approved Oimex Electrode Limited’s proposal to raise Tk 15 crore from the capital market through initial public offering...

  • Images

    Stocks slide for 4th day amid move to amend bank co act

    Staff Correspondent | Updated at 11:10pm on May 09, 2017

    Dhaka stocks on Tuesday dropped for the fourth consecutive day as bank shares kept falling amid concern over the cabinet approval to a draft bill seeking amendment to the Bank Companies Act 1991 giving more family control over the private banks...